New Mexico Educational Retirement Board lessened its holdings in shares of Vulcan Materials (NYSE:VMC) by 18.6% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 8,319 shares of the construction company’s stock after selling 1,900 shares during the period. New Mexico Educational Retirement Board’s holdings in Vulcan Materials were worth $899,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. 1832 Asset Management L.P. acquired a new position in shares of Vulcan Materials during the first quarter valued at about $672,000. The Manufacturers Life Insurance Company boosted its stake in Vulcan Materials by 15.6% during the 1st quarter. The Manufacturers Life Insurance Company now owns 143,794 shares of the construction company’s stock valued at $15,540,000 after purchasing an additional 19,359 shares during the last quarter. Samlyn Capital LLC bought a new stake in Vulcan Materials during the 1st quarter worth approximately $24,401,000. FDx Advisors Inc. raised its stake in shares of Vulcan Materials by 18.3% in the first quarter. FDx Advisors Inc. now owns 2,105 shares of the construction company’s stock worth $227,000 after purchasing an additional 326 shares during the last quarter. Finally, Clearbridge Investments LLC lifted its holdings in shares of Vulcan Materials by 7.9% in the first quarter. Clearbridge Investments LLC now owns 2,753,759 shares of the construction company’s stock valued at $297,599,000 after purchasing an additional 202,019 shares in the last quarter. Institutional investors and hedge funds own 89.85% of the company’s stock.

Vulcan Materials stock opened at $116.02 on Tuesday. Vulcan Materials has a 52 week low of $65.56 and a 52 week high of $152.49. The business has a 50-day simple moving average of $110.44 and a 200 day simple moving average of $121.78. The company has a quick ratio of 1.69, a current ratio of 2.68 and a debt-to-equity ratio of 0.57. The stock has a market cap of $14.94 billion, a price-to-earnings ratio of 25.17, a PEG ratio of 2.90 and a beta of 0.82.

Vulcan Materials (NYSE:VMC) last posted its earnings results on Wednesday, May 6th. The construction company reported $0.47 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.43 by $0.04. Vulcan Materials had a return on equity of 11.38% and a net margin of 12.34%. The business had revenue of $1.05 billion during the quarter, compared to analysts’ expectations of $1.01 billion. During the same period in the previous year, the business earned $0.46 earnings per share. The firm’s revenue was up 5.3% on a year-over-year basis. On average, research analysts anticipate that Vulcan Materials will post 4.32 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 5th. Stockholders of record on Friday, May 22nd were issued a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a dividend yield of 1.17%. The ex-dividend date of this dividend was Thursday, May 21st. Vulcan Materials’s payout ratio is currently 28.94%.

VMC has been the topic of a number of recent research reports. Citigroup raised their target price on Vulcan Materials from $129.00 to $133.00 and gave the company a “buy” rating in a report on Friday, May 8th. Cfra lowered Vulcan Materials from a “buy” rating to a “hold” rating and dropped their target price for the company from $151.00 to $120.00 in a report on Wednesday, May 6th. Royal Bank of Canada raised their target price on Vulcan Materials from $117.00 to $137.00 and gave the company an “outperform” rating in a report on Wednesday, June 17th. SunTrust Banks upgraded Vulcan Materials from a “hold” rating to a “buy” rating and set a $125.00 target price on the stock in a report on Friday, May 15th. Finally, Goldman Sachs Group dropped their price target on Vulcan Materials from $172.00 to $140.00 and set a “buy” rating on the stock in a report on Thursday, March 19th. Eight equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $133.25.

About Vulcan Materials

Vulcan Materials Company produces and supplies construction aggregates, asphalt mix, and ready-mixed concrete primarily in the United States. It operates through four segments: Aggregates, Asphalt, Concrete, and Calcium. The Aggregates segment provides crushed stone, sand and gravel, sand, and other aggregates; and related products and services for use in the construction and maintenance of highways, streets, and other public works, as well as in the construction of housing and commercial, industrial, and other nonresidential facilities.

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Institutional Ownership by Quarter for Vulcan Materials (NYSE:VMC)

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